Bullets

Billionaire Mukesh Ambani's Jio Financial is eyeing a partnership with insurance giant Allianz in India. Allianz, on the other hand, is looking to ditch its current Indian partnerships.

The two companies are exploring the possibility of setting up both general and life insurance companies in India. However, things are still in the early stages, and there's no guarantee a deal will happen.

So, will we see a new insurance powerhouse in India?

SoftBank is over the moon about India! Their investments here have been a massive success, with companies like Firstcry, Ola Electric, and Unicommerce going public, and Swiggy gearing up for a $1.25 billion (₹10,500 crore) IPO.

Alex Clavel, from SoftBank, says India's IPO market has really blossomed, thanks to progressive regulations and increased domestic liquidity.

This means they can now easily exit their investments and make a profit.

The government is in talks with Reliance Retail to sell Bharat brand food items at subsidised prices in their stores.

This is a first-of-its-kind move to tackle inflation and make essential groceries more affordable.

Will the government's efforts to take the “Make in India” initiative another step upwards work?

Hyundai Motor India's stock took a hit on its first day of trading. Shares dropped nearly 5%, disappointing investors who had hoped for a stronger debut.

The IPO was priced at ₹1,960, but the stock started trading at a slight discount. This suggests that investors were cautious about the company's valuation.

Did you invest in Hyundai’s IPO?

Paytm just announced a surprising profit worth ₹928.3 crore for the last quarter! However, their revenue took a significant dive of 34% to ₹1,660 crore.

The big reason for the profit? A one-time windfall from selling their entertainment ticketing business to Zomato.

Despite the revenue drop, Paytm's financial services business is on the rise.

Want to know more about Paytm's financial performance? Read this article for more information.

Jeff Bezos-backed AI startup, Perplexity AI, is aiming to skyrocket its valuation to over $8 billion (₹67,200 crore) in a new funding round. They're looking to raise around $500 million (₹4,200 crore).

Despite its relatively young age, Perplexity AI has already seen impressive growth, with estimated annual revenue reaching $50 million (₹420 crore).

This latest funding round could fuel even more rapid expansion and innovation in the AI space.

India's state-run oil giants, ONGC and BPCL, are looking for foreign partners to help build new petroleum refineries. They're eyeing Saudi Arabia's state-run energy company, Saudi Aramco, as a potential partner.

While Aramco was initially on board for a refinery in Maharashtra, the plan hasn't materialised yet.

Will these partnerships happen? Stay tuned with Bullets by Insider to find out.

Singapore's Temasek is showing some love for education startup Upgrad! They've just pumped in another $60 million (₹504 crore), valuing the company at $2.25 billion (₹18,400 crore).

Meanwhile, Upgrad's founder, Ronnie Screwvala, is taking things into his own hands by buying out Bharti Enterprises' stake for $20 million (₹168 crore).

Looks like Upgrad is on a roll!

India's vaccine giant, Serum Institute of India, is pouring a massive ₹1,000 crore into a new manufacturing facility in Pune. This state-of-the-art plant will produce vaccines for diseases like pneumonia, rotavirus, and dengue. SII is already a global leader in vaccine production, and this expansion shows their commitment to protecting public health.

But that's not all! Billionaire CEO Adar Poonawalla is also making a strategic move into the entertainment industry. He's snagging a 50% stake in Karan Johar's production houses, Dharma Production and Dharmatic Entertainment, for a ₹1,000 crore.

Looks like the vaccine maker is ready to conquer both the healthcare and entertainment worlds!

Zomato, already sitting on a pile of cash, is raising even more money through a QIP. This move has everyone in the quick commerce sector buzzing.

Some think it’s a smart way to distract investors from Swiggy’s upcoming IPO, while others worry it could lead to a cash-burning war.

With companies like Zepto also looking for more money, the quick commerce space is starting to look a lot like the early days of ecommerce.

The big question is: Can these companies keep up the pace without burning through too much cash?

Tech Mahindra just announced some blockbuster quarterly results! Their net profit soared by a massive 153% compared to last year, reaching ₹1,250 crore. Revenue also climbed by 3.5% to ₹13,313 crore.

As a reward to their shareholders, Tech Mahindra is declaring an interim dividend of ₹15 per share.

Looks like Tech Mahindra is on a roll! Keep an eye on this company by knowing how Asset Yogi sees it.

LTIMindtree, a major Indian IT company, just announced their Q2 results. And guess what? They're doing pretty well!

• Profits: Up by 7.7% compared to last year. That's a cool ₹1,251.6 crore in the bank!
• Revenue: Also on the rise, growing by 5.9% to ₹9,432.9 crore.

Overall, it looks like LTIMindtree is having a good year. Is it time to keep an eye at the company's updates?

The Reserve Bank of India (RBI) is cracking down on fintech companies charging usurious interest rates. This is bad news for fintechs that lend to sub-prime customers, as they often rely on higher interest rates to make a profit.

The RBI's action against Navi and DMI Finance has sent shockwaves through the industry. Fintechs that partner with large NBFCs could be in for even more trouble.

It's time for fintechs to re-evaluate their business models and find ways to offer affordable credit to their customers.

Ratan Tata, the legendary industrialist, has left his estate in the hands of his close friends and family.

He named lawyer Darius Khambata and his confidante Mehli Mistry as executors of his will. His half-sisters, Shireen and Deanna Jejeebhoy, were also appointed.

Mehli Mistry, a trustee on the board of the Tata Trusts, played a significant role in managing the Tata Group's affairs.

The trusts, which hold a majority stake in Tata Sons, will continue to shape the future of this iconic Indian conglomerate.

Lendingkart, a platform for MSME loans, is facing a major cash crunch. This has forced them to negotiate a new funding deal at a much lower valuation than before.

The company is currently in talks with Fullerton Financial Holdings (FFH) for a $100 million (₹830 crore) investment. This is a significant drop from the $350 million valuation (₹2,905 crore) it had four years ago.

It looks like Lendingkart is struggling to keep up in the competitive lending market. Will they be able to secure the funding they need to stay afloat?

Meta, the tech giant behind Facebook, Instagram, and WhatsApp, is reportedly letting go of employees across different departments.

This includes major divisions like Instagram, WhatsApp, and Reality Labs.

A Meta spokesperson confirmed that some teams are undergoing changes to fit the company's long-term plans. While they didn't give specifics, it's clear that Meta is streamlining its operations.

Will other companies follow suit?

Ola Electric, the king of electric two-wheelers, is facing some serious service issues. Customer complaints are piling up and sales are slowing down.

To tackle these problems, Ola has brought in the big guns: EY India. This consulting firm will help Ola streamline their business processes and improve their after-sales service.

It looks like Ola is determined to get back on track. Will they succeed? Read this article to know the full story.

DMart, the popular retail chain, is facing tough times. Their shares took a nosedive after disappointing quarterly results.

The culprit? Online delivery platforms and quick commerce players like Zepto, Amazon, and Flipkart are stealing their thunder.

Investors are worried about DMart's ability to compete in the fast-paced world of online shopping.

Will they be able to adapt or will they lose their grip on the market? Read this article to know more.

Reliance Industries (RIL), once India's most valued company, has seen its shares take a beating, falling 16% in the last three months. But some analysts think this might be a good time to buy.

They believe the market has already factored in the potential slowdown in RIL's retail and O2C (oil, gas, and chemicals) businesses.

Goldman Sachs analyst Nikhil Bhandari even suggests that RIL's shares are currently undervalued compared to their historical average.

Don’t forget to do your due diligence and research thoroughly before investing. Start with reading this article.

Purplle, the go-to online beauty store, just closed a massive funding round worth ₹1,500 crore (about $180 million)!

The round was led by the bigwigs at Abu Dhabi Investment Authority (ADIA), with existing investors like Premji Invest and Blume Ventures also chipping in.

With this fresh cash, Purplle is planning on expanding its reach and beating competitors like Nykaa, Amazon, Flipkart, etc.

Will it be able to accomplish the goal?